Sophia Sommer

(602) 512-9825
The Sommer Group
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$409,996$358,920
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.170%7.400%
Blended rate5.020%7.640%
1st payment$2,170.34$2,485.09
2nd payment$0.00$0.00
Taxes / mo$236.25$236.25
Insurance / mo$150.00$150.00
MI / mo$315.50$71.78
HOA / mo$109.00$109.00
Total monthly$2,981.09$3,052.12
Cash to close$0$39,880